Foreign exchange rates today July 28: USD Index at 97.67

Early morning of July 28, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,164 VND. The USD Index (DXY), which measures the greenback's fluctuations against 6 major currencies, is currently at 97.67.

The DXY index fell nearly 1% last week, marking its biggest drop in a month. The currency is hovering around 97.45-97.67, amid concerns over trade tensions and awaiting signals from the US Federal Reserve (Fed) and the Bank of Japan (BOJ).

The market environment is currently heavily influenced by trade negotiations between the US and Japan, the US and the EU, along with expectations that the Fed and the BOJ will keep interest rates unchanged at their meetings next week. However, the market is closely watching the post-meeting statements for signs of future policy direction.

The recently announced US-Japan trade deal (lowering auto import tariffs from 25% to 15%) has boosted risk sentiment, weakening investor demand for the US dollar as a safe haven, while supporting currencies such as the yen and the euro to appreciate and putting pressure on the US dollar.

Furthermore, political factors also create uncertainty: Tensions surrounding the future of Fed Chairman Jerome Powell (including possible firing or resignation scenarios at the request of US President Donald Trump) could have a strong impact on the market. In the event of a political impact on the Fed, the US dollar could fall sharply, Treasury yields could rise and the stock market could be volatile.

In the coming week, the DXY index is likely to continue to be under downward pressure, averaging around 0.5% - 1%, if there is no new shock from monetary policy or politics. However, any tougher-than-expected policy signals from the Fed or BOJ could cause the USD to recover slightly or move sideways.

In the domestic market, at the beginning of the trading session on July 28, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,164 VND.

The reference USD exchange rate at the State Bank's transaction office for buying and selling is kept at: 23,956 VND - 26,372 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank buys 25,930 VND; sells 26,320 VND

Vietinbank buys 25,820 VND; sells 26,330 VND

BIDV buys 25,950 VND; sells 26,310 VND

Source: https://baolamdong.vn/ty-gia-ngoai-te-hom-nay-28-7-chi-so-usd-index-o-muc-97-67-384016.html